Aave is considering withdrawing from Polygon's Proof-of-Stake chain due to concerns over a risky stablecoin proposal that involves rehypothecating reserves. Founder Marc Zeller argues this could expose Aave to vulnerabilities linked to bridged stablecoins, despite Aave being Polygon's largest dApp, representing 40% of its total value locked. The community largely supports Aave's cautious stance, emphasizing the need for responsible practices in DeFi governance.
Paul Atkins is poised to replace Gary Gensler as chair of the SEC, sparking optimism in the crypto industry. Known for his understanding of cryptocurrencies, Atkins may initiate a "special study" on digital assets and potentially reshape regulatory frameworks to better align with industry needs. His appointment signals a possible end to the SEC's stringent crypto crackdowns.
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